Consolidate Purchasing Power
Audit & Validate Invoices, Pay On-Time and Recharge Internally
What it is
An extension to OneBiller, Paymaster is external vendor management providing automated vendor invoice and data reviews to audit and validate vendor invoices.
How it works
Paymaster manages complex, itemized vendor invoices, including asset and device, service-line and properties invoices, which are then audited and validated. An allocation engine, connected to OneBiller, bills the respective portion of the invoice to each entity consuming the services, ensuring accurate invoicing and a single, on-time payment back to the vendor.
Digital Audit & Invoice Consolidation
Eliminate vendor invoice disputes
Streamline Vendor Relationships
Consolidate purchasing power across the business
Automate complex invoice recharges
Manage & Plan Global Cash Outflows
Budgetary peace of mind
See all incoming invoices and their status at a glance. Manage and track important calendar dates, invoice summaries and upcoming tasks.
Manage Audit Rules
Update and maintain invoice audit rules easily for touchless invoice audits.
Audit Rules Validation
Easily load invoices at a summary or detail level. View all outstanding billings and their status. Access payment instruction detail.
Monitor invoice progression from receipt through to liquidation. View at a glance invoice status.
Manage vendor relationships in aggregate and at a detailed invoice level. Centrally access all vendor invoices.
Easily add new users and grant permissions across the organization. Grant or restrict access to capabilities based on user access levels.
Empower your procurement team to negotiate better terms and pricing by knowing exactly what you’re paying for with FourQ Paymaster™.
Automating the Bill Payment Process of One of the World's Largest Multinational Companies with FourQ
With a market cap of $200 billion, a multinational company operating nine business units across 170+ countries faced significant bill payment challenges.